SLT Holdings LLC Acquires Shares of 5,742 Robinhood Markets, Inc. $HOOD

SLT Holdings LLC acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,742 shares of the company’s stock, valued at approximately $538,000.

A number of other institutional investors have also recently bought and sold shares of HOOD. V Square Quantitative Management LLC bought a new stake in shares of Robinhood Markets during the 2nd quarter worth approximately $36,000. REAP Financial Group LLC lifted its holdings in shares of Robinhood Markets by 44.1% during the 2nd quarter. REAP Financial Group LLC now owns 523 shares of the company’s stock worth $49,000 after acquiring an additional 160 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Robinhood Markets during the 2nd quarter worth approximately $56,000. Hemington Wealth Management lifted its holdings in shares of Robinhood Markets by 52.2% during the 1st quarter. Hemington Wealth Management now owns 636 shares of the company’s stock worth $26,000 after acquiring an additional 218 shares during the period. Finally, Wayfinding Financial LLC bought a new stake in shares of Robinhood Markets during the 1st quarter worth approximately $30,000. Institutional investors own 93.27% of the company’s stock.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 1,568,421 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $99.98, for a total value of $156,810,731.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Meyer Malka sold 1,093,288 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $103.87, for a total transaction of $113,559,824.56. Following the completion of the transaction, the director owned 3,976,234 shares of the company’s stock, valued at approximately $413,011,425.58. This trade represents a 21.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,681,122 shares of company stock valued at $618,215,681. Insiders own 14.47% of the company’s stock.

Robinhood Markets Price Performance

HOOD stock opened at $138.96 on Friday. The company has a 50 day simple moving average of $118.70 and a 200 day simple moving average of $85.80. The stock has a market cap of $123.49 billion, a price-to-earnings ratio of 70.54, a P/E/G ratio of 4.24 and a beta of 2.42. Robinhood Markets, Inc. has a 1 year low of $23.00 and a 1 year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.12. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. The firm had revenue of $989.00 million during the quarter, compared to analysts’ expectations of $893.93 million. During the same period in the prior year, the company posted $0.21 EPS. The company’s revenue was up 45.0% on a year-over-year basis. On average, equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HOOD. Bank of America upped their price target on shares of Robinhood Markets from $139.00 to $157.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. JMP Securities upped their price target on shares of Robinhood Markets from $130.00 to $170.00 and gave the stock a “market outperform” rating in a report on Thursday. The Goldman Sachs Group upped their price target on shares of Robinhood Markets from $134.00 to $152.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Cantor Fitzgerald upped their price target on shares of Robinhood Markets from $100.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Robinhood Markets from $89.00 to $106.00 and gave the stock a “market perform” rating in a research report on Thursday, July 31st. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $118.94.

Robinhood Markets Profile

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.